Bonds Analysis & Opinion

Once I was talking to my boss at Provident Mutual about exotic options, like barrier, knock-out, and knock-in options. As I described them to him his reactions were: Why would I want to take that...

PIMCO published a report on Spain ahead of the ECB's much-anticipated meeting this week. The analysts at the famed bond-management company expect a lackluster response that is more of a band-aid than...

What's New: After the yields on several Treasuries hit consecutive new lows early last week, the bond market did a complete about face. For example the benchmark 10-year went from a historic closing...

The great economic historian Charles Kindleberger described a bubble as follows: “What happens, basically, is that some event changes the economic outlook. New opportunities for profits are...

There is no denying that the Mario Draghi comments have caused a massive rally in today's stock markets. The important and highly followed SPDR Dow Jones Industrial Average (NYSEARCA: DIA) is trading...

Spanish bond yields retreated from euro-era highs and Italian bond yields retreated from post-LTRO highs as Ewald Nowotny, member of the European Central Bank's (ECB's) governing council, said that...

Note from dshort: On Monday I posted an update on US Treasury yields, several of which hit historic closing lows. The 10-year had tied its historic low at 1.47. How low can the 10-year go? Yesterday...

Italian 10-year bond yields rose Tuesday to the highest level since the European Central Bank (ECB) launched the Longer-Term Refinancing Operations (LTRO's) earlier in 2012. The move higher in yields...

The Swiss government bond curve is now negative for maturities of five years and under. Investors are willing to lock up a negative yield for 5 years just to get out of euro denominated assets without...

After a three-day sell-off, September Treasury Bond futures rallied sharply higher on Friday, putting the market in a position to challenge two former tops at 152’10 and 152’19. The...

The eurozone debt crisis is back on the front burner. European indexes plunged Friday as Spanish yields soared back above 7%. US markets also retreated, but more dramatic was the drop in US Treasury...

In much of my life, I have been thrust into situations for which I was not ready, and ended up rebuilding the wheel, or came up with an unorthodox approach that worked. But a lot of the problem came...

The chart below compares the yield on the U.S. Treasury's 10-year zero coupon with the 10-year zero coupon inflation swap rate. The difference is the implied 10-year zero coupon real rate, which is...

I was looking at the latest yield update from the US Treasury and noticed that the 5-year note closed today at 0.60. That ties the historic low set on Monday -- an occasion I didn't notice until now....